Metaplanet Buys 2,823 Bitcoins for $225M as Treasury Reaches 43,000 BTC Holdings

Treasury Growth and Portfolio Value

Japanese listed bitcoin treasury, Metaplanet Inc., announced on July 1 that it purchased 2,823 bitcoins during the second quarter of 2026, pushing its total digital asset holdings to 43,000 bitcoins, while generating millions of dollars in revenue from its specialized cryptocurrency options trading unit.

The Tokyo-based corporate cryptocurrency pioneer spent $225 million (35.886 billion yen) on the quarterly purchases at an average price of $78,872 per bitcoin ( $BTC). The latest buying spree expanded Metaplanet’s total treasury holdings from 40,177 $BTC at the end of March to 43,000 $BTC as of June 30. The aggregate cost basis for its entire portfolio now stands at $4.09 billion with an average purchase price of $95,209 per coin.

Alongside its treasury accumulation, the company reported that its bitcoin income generation business generated $10.95 million in operating revenue during the second quarter. The specialized segment utilizes bitcoin options trading strategies to generate recurring revenue and subsidize its token accumulation.

For the first half of the fiscal year ending Dec. 31, 2026, the company’s options trading revenue reached $29.2 million, pushing its trailing 12-month revenue from the business to $70.7 million.

Company officials, meanwhile, stated that the second-quarter token purchases were primarily funded through credit facilities, the issuance of ordinary bonds, and the options revenue itself, rather than diluting equity. When applying the quarter’s options revenue directly against its acquisition costs, Metaplanet reported an effective net purchase price of approximately $75,032 per bitcoin.

Metaplanet also disclosed a 6.6% increase in its $BTC Yield for the quarter ending June 30. The metric, which the company uses as a key performance indicator, measures the ratio of its crypto holdings relative to its effectively diluted shares outstanding to evaluate shareholder value.

While the company touted the accumulation as accretive, management cautioned investors in its disclosure that these internal crypto metrics are supplemental and do not represent traditional gauges of operational profitability, liquidity, or stock price performance.

Metaplanet noted that its consolidated revenue and operating profit forecast for the fiscal year remains unchanged from the outlook it issued on Jan. 26, 2026.